1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
sladkih [1.3K]
3 years ago
6

2 students are considering operating a fruit smoothie stand during their summer break. this is an alternative to summer employme

nt with a local firm, where they would each earn $2865 over the three-month summer period. a fully equipped facility can be leased at a cost of $8130 for the summer. additional projected costs are $2239 for insurance and $2.3 per unit for materials and supplies. their fruit smoothies would be priced at $6.7 per unit. what is the accounting cost if q = 1203?
Business
1 answer:
kotegsom [21]3 years ago
7 0
<span>The accounting cost of running the smoothing stand for the summer is $13,135.90. To find this, we must first figure out which numbers given in the problem are relevant. Since we are dealing with accounting cost (and not economic cost), we know that we can ignore the opportunity cost ($2865 in foregone wages). We also can ignore the price of the smoothies since we do not need to compute revenue in order to determine accounting cost. Thus, the relevant numbers are $8130 for the lease, $2239 for insurance, the per unit cost of $2.3, and the total quantity of 1203. To find the accounting cost, we simply need to add our fixed costs and our variable costs. The fixed costs are given as $8130 and $2239. FC=8130+2239=$10369. Our variable cost, VC=2.3q, and we are told q=1203. Thus VC=2.3(1203)=$2766.90. To find our Total accounting costs, simply add fixed costs plus variable costs. FC+VC=2766.90+10369=$13135.90.</span>
You might be interested in
Although appealing to more refined tastes, art as a collectible has not always performed so profitably. During 2003, an auction
Elza [17]

Answer:

-4.25%

Explanation:

purchase price in 1999 = $12,497,500

purchase price in 2003 = $10,371,500

annual rate of return = {[($10,371,500 - $12,497,500) / $12,497,500] / (2003 - 1999)} x 100 = (-0.170114 / 4) x 100 = -4.25%

the annual rate of return refers to how much money you win or loss with an investment during a year. In this case, the investor lost $2,126,000 in 4 years, which resulted in a total loss of 17.01% for the whole period.

4 0
2 years ago
A salesperson lacking goals will drift around their territory, wasting time and energy. Group startsTrue or False
ddd [48]
The answer here is TRUE. A salesperson that is lacking goals is no longer a need in an organization.
5 0
2 years ago
Seth invested $20,000 in Series EE savings bonds on April 1. By December 31, the published redemption value of the bonds had inc
11Alexandr11 [23.1K]

Answer:

700 for interest

Explanation:

6 0
3 years ago
“ She turned to her shoulder partner to make sure that she had all that was presented” This is a active sentence how do you turn
Tpy6a [65]

Answer:

A shoulder was turned towards her partner to make sure everything that was presented was taken by her.

Explanation:

In order to change the active sentences into passive sentences, the object in the active sentence is changed into the subject. For example in the above given example, the object is shoulder which is changed into the subject and then the sentence is formed accordingly.

So now it becomes "A shoulder was turned towards her partner to make sure everything that was presented was taken by her."

I hope the answer is helpful.

Thanks for asking.

7 0
3 years ago
etermining Gross Profit During the current year, merchandise is sold for $990,000. The cost of the merchandise sold is $693,000.
otez555 [7]

Answer:

Results are below.

Explanation:

<u>A: To calculate the gross profit, we need to use the following formula:</u>

Gross profit= sales - cost of goods sold

Gross profit= 990,000 - 693,000

Gross profit= $297,000

B: <u>Now, the gross profit percentage:</u>

Gross profit percentage= (gross profit / sales)*100

Gross profit percentage= (297,000 / 990,000)*100

Gross profit percentage= 30%

C: F<u>inally, a net income is reported in the income statement at the moment of the sale</u>. It doesn't matter if the sale was paid or not.

6 0
2 years ago
Other questions:
  • 1. Think about the phrase "a financially secure retirement." In two to three sentences, describe what a financially secure retir
    11·1 answer
  • Does compound interest have more of an impact for short-term investments or long-term investments? Why?
    5·1 answer
  • Which one of the following choices is the responsibility of the team leader? Set project expectations Outline the ideas to be di
    13·1 answer
  • 8. Why is the vertical filing more scientific? Prove it with five<br>reasons.​
    9·1 answer
  • Accountants at Idle Time Gaming, Inc. work with state-of-the-art systems that create financial statements every day, but the int
    12·1 answer
  • The four components of planned aggregate expenditure are: A. spending on domestic goods, domestic services, foreign goods, and f
    14·1 answer
  • You invest a single amount of $14,800 for 7 years at 15 percent. At the end of 7 years you take the proceeds and invest them for
    12·1 answer
  • Inflation is measured by a nation's Gross Domestic Product number.<br><br> True<br><br> False
    6·2 answers
  • "Institutional portfolio managers have been allocating an increasing percentage of their funds to cash and cash equivalent posit
    8·1 answer
  • If A sells to B, and B obtains title while goods are in transit, the goods were shipped ________. If C sells to D, and C maintai
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!